Clinton a favourite; Trump win may push mkts down 10%: Barclays

Barclays continues to remain positive on risky assets with earnings globally bottoming out. In US, Hillary Clinton continues to be the favourite, said Keith Parker of Barclays. The Republicans will control the House, which reduces chances of aggressive change in policies like taxes and regulations.A further upside is expected in case of Clinton win. However, if Donald Trump wins, a 10 percent downside is expected, Parker told CNBC-TV18. Barclays is overweight on emerging markets (EMs). “In an environment of low rates and relative well growth, EM equities are undervalued given the growth and policy rate backdrop on a relative basis,” he said, adding that preferred markets include Brazil and India."Brexit told us to distrust the polls till the final results are out," says Geoff Lewis, Global Strategist, Capital Markets Group, Manulife Asset. So the investors will remain spooked and market volatile in the near-term, he adds.A Clinton victory and Republicans retaining the House is likely, says Lewis. But a Donald Trump win would result in a should initially. "It would be like Brexit. There will be a lot of volitility and policy uncertainty in the near-term," says Lewis. But sooner or later he will have to take up more sensible policies. Watch videos for more...